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Title: Public policy towards R&D in a mixed duopoly with spillovers
Authors: Gil-Molto, Maria Jose
Poyago-Theotoky, Joanna
Zikos, Vasileios
Keywords: Mixed duopoly
Process innovation
R&D subsidies
Issue Date: 2006
Publisher: © Loughborough University
Abstract: We investigate the use of subsidies to R&D, both in a mixed and a private duopoly market. We show that the socially optimal R&D subsidy is positive and increasing in the degree of spillovers both in the private and the mixed duopoly, although it is lower for the former than for the latter. We also …nd support for the empirical claim that privatization is followed by a scaling down of the R&D activity. A comparative static analysis of welfare levels suggests that privatization is welfare detrimental, which lends some support to the views against the widespread adoption of privatization programs.
Description: Economics Research Paper, no. 06-17
URI: https://dspace.lboro.ac.uk/2134/2403
Appears in Collections:Working Papers (Economics)

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